BestX & interop.io: Driving Smarter Trading Decisions with Interoperability

BestX is an independent transactional cost analytics (TCA) provider, working with the largest asset managers, asset owners, banks, sovereign wealth funds, and corporates. With more than 200 clients worldwide, BestX helps institutions assess their trading execution quality and make more informed decisions.

One of the challenges BestX faced was that, while post-trade analytics were highly valued, they weren’t intuitive to use within client workflows. Traders often had to move between multiple windows, manually copy and paste information, and switch between platforms. This slowed down decision-making and created inefficiencies.

To solve this, BestX partnered with interop.io. Through the io.Connect platform, they were able to bring together Global Link, State Street Market, and third-party platforms into one ecosystem. Using FDC3 technology, data now flows seamlessly from one application to another, allowing workflows to be adapted dynamically without re-platforming.

The result is faster, more efficient trading operations. Clients can use analytics in real time, embedded directly into their workflows, rather than as an afterthought. BestX has also accelerated product rollouts, making smarter design decisions with the support of interop.io’s interoperability expertise.

BestX describes interop.io not just as a technology provider, but as a partner, helping shape products like Best Executor and laying the foundation for future innovations.

“Interop.io made sure that we make very smart decisions on how we’re rolling out our product. They helped shape what we have today. We’re excited about creating more products like Best Executor utilizing interop.io.” — Yusuf Nurbhai, CEO at BestX